I am starting a new thread for the 3rd week of August. All troops target on long term trading. All percentages are the dollar amount allocations of each troop. The following lists my positions as of last Friday:
Big Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- Cash 31%
If you have any question about my trading (long term, short term, stock, or FX/Futures), please PM, and I'll be glad to help!
Q. How to PM me?
A. If you are on a forum, you know how to PM me. If you are on my blog, please put your email address in a comment (once you receive my private email, you can remove your email address from the post.)
My Trade for last week:
http://perfectew.blogspot.com/2012/08/my-trade-2012-08-w2.html
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
No trade for today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- Cash 31%
Today's low open triggered a little bit selling off because last Friday's Spinning Top candlestick could have become Evening Start formation. The market did not go down much before it found a 0.382 fib support (08/14-08/17). The final candlestick formation became very bullish. The market should go up and set another new 4-year high tomorrow. Again, the bull is in full control of the market, and it should be able to reach our first target at 1447 this week before the market tells us otherwise.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/13's low = [C].III.2
08/14's high = [C].III.3._1
08/14's low = [C].III.3._2
08/17's high = [C].III.3._3
Today's high = [C].III.3._4
The first target 1447 could be seen on Thursday to complete [C].III.3._5
The big wave-[C] will bring the market to at least 1447 (and 1524 in medium long term).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
Typo fix:
DeleteToday's low = [C].III.3._4
I bot NUGT with 3% of the fund in my SAC Troop just now.
ReplyDeleteWe bought NUGT today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- EWS 15% (10%-07/30, 5%-07/31)
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- NUGT 3% (3%-08/21)
- Cash 28%
The market gapped up, surged to 1427, failed to hold the opening gap, and then slid down and broke yesterday's low. In the end, the market closed as an outside bar. Its candlestick formation looks bearish, but not the wave count. Today's morning surge was the result of yesterday's bullish candlestick formation, and the market did set another new 4-year high in the morning session. The afternoon sliding down was to wash out small fish. The market would resume marching north again tomorrow. Observation key: the low of 08/16/2012 must not break in order to maintain this bullish scenarion.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/13's low = [C].III.2
08/14's high = [C].III.3._1
08/14's low = [C].III.3._2
Today's high = [C].III.3._3
Today's low = [C].III.3._4
The first target 1447 could be seen on Thursday to complete [C].III.3._5
The big wave-[C] will bring the market to at least 1447 (and 1524 in medium long term).
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
I bot EDZ with 8% fund in my SAC Troop just now.
ReplyDeleteI liquidated my EWS just now.
ReplyDeleteIt's same as the entry price, so there is no loss for this trade. Since all those 1X ETFs are too slow, I am getting rid of them one by one.
DeleteWe bought EDZ and sold EWS today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- NUGT 3% (3%-08/21)
- EDZ 8% (8%-08/22)
- Cash 35%
The market gapped down but upped at close. Today's low was significant because it hit 0.618 pullback (SPY 08/10-08/21) and also an up-going trendline (07/24, 08/02). Our preferred bullish scenario does not change, as long as the critical point does not break: today's low.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III.1
08/10's low = [C].III.2
08/21's high = [C].III.3
Today's low = [C].III.4
The first target 1438 (1427-1396+1407) could be seen tomorrow to complete [C].III.5
The big wave-[C] will bring the market to 1524 in medium long term.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
No trade for today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- NUGT 3% (3%-08/21)
- EDZ 8% (8%-08/22)
- Cash 35%
The market fell below yesterday's low and closed as a mid-size black solid candlestick near day low. Since the critical observation point has been breached, we see possible lower price in next few days. The preferred wave count for medium term view is also changed a little bit.
Wave count:
07/03's high = [A]
07/24's low = [B]
07/30's high = [C].I
08/02's low = [C].II
08/07's high = [C].III
08/10's low = [C].IV
08/21's high = [C].V
We are in the middle of [D] down wave to 1390 (0.382) or 1377 (0.5) before Labor Day.
After this wave-[D], we will see a wave-[E] to 1485 to finish the bull market.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!
No trade for today. The following explains my portfolio as of today's close:
ReplyDeleteBig Troop:
- IWM 20% (20%-08/08)
- SPY 45% (10%-07/05, 15%-07/06, 10%-07/11, 10%-07/24)
- Cash 35%
SAC Troop:
- XLF 22% (10%-07/30, 12%-07/31)
- QQQ 24% (24%-08/02)
- FAS 8% (8%-08/13)
- NUGT 3% (3%-08/21)
- EDZ 8% (8%-08/22)
- Cash 35%
The market opened below yesterday's low but closed as an outside bar. The candlestick pattern looks bullish, but actually not because today's volume is not high enough to confirm a reversal. I would rather see today's up move as a bull trap, and the market is still in consolidation phase in short term.
Wave count (based on the purple line scenario):
07/03's high = [A]
07/24's low = [B]
08/21's high = [C]
Today's low = [D].A
We will see [D].B at around 1416 next Monday morning, after that a week-long decline ([D].C) will occur. The target of [D] down wave is 1378 (0.5) before Labor Day.
After this wave-[D], we will see a wave-[E] to 1475 to complete the bull market.
PLEASE JOIN MY BLOG AS A FOLLOWER. I WILL PRIVATIZE THE BLOG ONCE WE REACH A SIZEABLE NUMBER OF AUDIENCE. THANKS!